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20110731
Search Results 0 to 15 of about 16 (some duplicates have been removed)
against, well, another reminder of the grim economic reality we're all facing. jon: those new weekly jobless claims just out today came out higher than expected, 418,000 americans filing for first-time unemployment benefits. wendall goler live at the white house right now, explain the president's offer for this short-term extension of the debt ceiling. >> reporter: well, you pretty much had it. the president won't agree to extend the time of the august 2nd deadline for lawmakers to reach a deficit-cutting agreement, but if they agree on a deal, he'll give them a few more days to turn it into legislation and put it on his desk. and the best hope, it appears, for a bipartisan compromise appears to be the so-called gang of six proposal which would trim the deficit about $3 be.7 trillion -- $3.7 trillion. it includes more than a trillion dollars in increased tax revenue, but the president, the white house and some republican members of the gang of six hope they can sell it to house republicans, the vast majority of whom have signed a new no new taxes pledge. >> i don't want to give polit
, hope you're off to a good thursday, i'm jenna lee. jon: and i'm jon scott, we're here in the fox newsroom, and "happening now," buying time on the debt crisis. the obama administration signaling it is open now to a short-term deal that would raise the debt ceiling. only, though, if congressional leaders can agree on a, quote, significant deficit reduction plan. the short-term deal would give congress time to pass a larger plan and avert possible government default august 2nd, but right now 12 days from that deadline, there is no deal on anything. jenna: ifs and maybes. in the meantime, fox news poll showing 60% of americans would vote against raising the debt limit. the showdown over the future of america's financial security come against, well, another reminder of the grim economic reality we're all facing. jon: those new weekly jobless claims just out today came out higher than expected, 418,000 americans filing for first-time unemployment benefits. wendall goler live at the white house right now, explain the president's offer for this short-term extension of the debt ceiling.
the world and back here at home, hi, everybody, we're so glad you're with us, i'm jenna lee. jon: and i'm jon scott. "happening now," capitol hill gridlock just days before a default deadline. right now there is no bipartisan teal on the table and no vote today on house speaker john boehner's plan to raise the debt ceiling. august 2nd is just six short days away, and that leaves the very real prospect of default or a credit downgrade. can washington make a deal? wendall goler, our senior thousands foreign affairs correspondent be live on the north lawn for us now. >> reporter: more tough news today from the congressional budget office which says both of the leading plans from republicans and democrats to cut the deficit and raise the debt ceiling fall short of what their authors claim. senate majority leader harry reid's plan would actually cut half a trillion less from the deficit than he says it would, house speaker john boehner's plan falls about $350 billion short. boehner has canceled plans for a vote on his proposal today and gone back to the drawing board, and since he has promis
>> reporter: take care, everybody. jon: and good morning to you as we begin "happening now" on this monday, a very special welcome back to jenna lee. jenna: thank you very much. jon: anything big happened while you were gone? jenna: got married, went on a honeymoon. i'm back for good. jon: glad to have you. brand-new developments in the debt showdown as the clock ticks closure to government default. now the tea party is stepping in, pushing its cut, cap and balance plan. jenna: ccp, a measure that raises the limit on america's credit card by another $2.4 trillion, only after big and immediate spending cuts, as well as a constitutional amendment requiring a balanced federal budget. jon: it looks likely to pass in the house but the senate is a very different story. mike emanuel live at the white house for us now. what is the latest from the white house, first of all, mike? >> reporter: jon the white house perspective that this is a huge problem, our nation's debt, so this is the time to do something big and do something bold. it is not clear where the votes will be in terms o
you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill today. harry reid said it would be a nonstarter. wendell goler is live on the north lawn with more. >> reporter: speaker boehner's plan would take the spending cuts agreed to before talks with vice joe biden broke down and raise the debt ceiling a little less than that. it would satisfy the speakers bottom line which is cutting spending more than the debt ceiling is raids but we'd have to go through this all over again by the end of the year. the speaker said yesterday it would solve the immediate crisis. >> there is going to be a two-stage process. it's not physically possible to do all of this in one step. having said that, chris, i know the president is worried about his next election, but my god shouldn't we be worried about the country? >> rep
morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that senate democrats say is dead on arrival, though, as they move ahead with their own debt limit bill setting up a showdown vote really for this weekend. ahead of that host of your world, neil cavuto, is live on capitol hill with his observations about what's happening down there in d.c., neil. first of a
you're with us on this important day, everybody, i'm jenna lee. jon: and i'm jon scott. doug mcelway is keeping an eye on these developments live on capitol hill. what's going on right now, doug? >> reporter: well, jon, this plans to be a very, very big day, indeed. one of our producers on the house side was just standing outside a republican caucus meeting, and one of the last things he heard was some voice, he doesn't know who, saying, all right, let's go out there and kick the blank out of them, that after speaker boehner admonished his caucus to get their as in line, rhyming with basses. beginning at 12:30 this afternoon, the first of debates and votes, the first on a rule itself. assuming that passes, it moves on to debate of the boehner bill. what are the chances of passage? we've got a graphic you should keep in mind as you watch the debate this afternoon. there are 240 republicans, boehner needs 217. he can only afford to lose 23, and if it passes the house, it's going to pass by a squeaky, close margin if it does at all. it faces a highly uncertain future in the senate,
in for jon scott. patti ann: i'm patti ann brown in for jenna lee, we are in the fox news room, "happening now", in the debt showdown, both sides digging in their heels before the debt defaults week away and the entire state of the u.s. economy hanging in the balance. now the president vows to keep calling meetings on cutting the the decifit and raising the limit on america's credit card until there is some sort of agreement. gregg: but the gop is standing firm against tax increases, while the president and democrats insist it has to be part of any equation that cuts benefit programs, for example, medicare, and house speaker john boehner, well now, he is squarely blaming the president, saying the debt limit is his problem, adding that the president talks a good game, but when it comes time to make these tough decisions, he can't quite pull the trigger. patti ann: and wendell goler right now is live at the white house with the very latest on the the debt debate. hi wendell. >> >> reporter: hi patti ann. it's going to be almost as hot in the cabinet room as it is out here, when the president
are requiring from the senate. jon kyle and kate bailey hutch chin son. six are retiring at the end of the term and 17 running for rerehrebgs in the senate. 23 seats held by democrats will be up for grabs in 2012. larry sabado is director for the center of politics at university of virginia. always good to talk to you. thank you for being here. i was struck by a poll from abc news and "the washington post" who said that 70% of people who help ask said they would like to fire their elected official in washington. that is a huge number. >> it is a huge number. and you wonder whether at some point we might actually have a fourth wave election in a row. what is a wave election? it's where lots of incumbents get tossed out, all though the eupl kupl pwapbts can be heavily concentrated in one party. remember we had a wave election in 2006 that was democratic. another wave election tilted to the democrats. 2010 a big wave election for the republicans. could we really be having a fourth wave election? it's too soon to say and the presidential nomination will be very important. rick: if there is one of t
folbaum in for jon scott. julie: i'm julie banderas, and "happen position now", we are awaiting a news conference from president obama, with time running out to reach a deal on the debt crisis, remember, that looming debt crisis will expire august 2nd, they need to come up with a solution. the shedown is now turning ugly after an emergency meeting on sunday, republicans, democrats and the president, still not seeing eye to eye, failing to break the deadlock could lead to catastrophe, rick. rick: mike emanuel is live at the white house. as we wait for the president, what are we expecting him to say? >> essentially to make the case that he needs a deal, he wants a deal, and he told both sides, both the house and senate, republicans and democrats last night when they left, to come back with an idea of what would pass their respective houses, and so we expect the president to set the stage, if you will, for today's meeting, which is set for 2:00, and to try to take his case right to the american people, to say you know, we need to get something done, august 2nd is coming. and we need basic
Search Results 0 to 15 of about 16 (some duplicates have been removed)